CC_S_205.1 Commercial/Multifamily Insurance Compliance Fundamentals
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a commercial/multifamily course.
In the commercial/multifamily mortgage marketplace, insurance coverage is critical to investors to mitigate certain risks that investors assume when investing in commercial/multifamily mortgage loans. Insurance terminology, like mortgage terminology, must be understood when conversing with borrowers, investors, and insurance industry professionals. For large commercial/multifamily properties, the insurance terms can be complex.
CMF Insurance Compliance Fundamentals explores the basics of insurance in commercial/multifamily lending. It begins with a look at typical insurance requirements and the importance of insurance in commercial lending. Next, the course explores the parties involved in or protected by insurance coverage and the forms widely used in the industry. It then looks at key insurance terms used in commercial mortgage servicing and the key considerations in evaluating insurance carriers. The course ends with a look at surplus lines of insurance and how they are used in commercial/multifamily lending.
Seat time approximately one (1) hour.